NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 1,631.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,829 shares of the utilities provider's stock after buying an additional 107,255 shares during the quarter. Balyasny Asset Management L.P. owned about 0.06% of NRG Energy worth $10,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Schechter Investment Advisors LLC increased its stake in shares of NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after acquiring an additional 120 shares during the last quarter. Mather Group LLC. increased its stake in shares of NRG Energy by 18.4% in the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after acquiring an additional 125 shares during the last quarter. Grove Bank & Trust increased its stake in shares of NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after acquiring an additional 129 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in NRG Energy by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock valued at $112,000 after buying an additional 133 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its stake in NRG Energy by 3.1% during the fourth quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider's stock worth $406,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG traded up $31.00 during midday trading on Monday, reaching $150.33. 10,249,334 shares of the stock were exchanged, compared to its average volume of 2,986,910. The business's 50-day moving average price is $99.45 and its 200 day moving average price is $98.83. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $150.84. The company has a market capitalization of $30.62 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $1.96. The company had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 earnings per share. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's payout ratio is currently 35.92%.

Analysts Set New Price Targets

Several equities analysts have recently commented on NRG shares. Wells Fargo & Company upped their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target for the company. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Guggenheim lifted their target price on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and an average target price of $126.38.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.